Crude, products keep grip on rally at close

LisaSanders

DALLAS (MarketWatch) - May crude closed almost 3 percent higher Thursday on the New York Mercantile Exchange as Goldman Sachs warned oil could reach $105 a barrel. The contract settled at $55.40 a barrel, up 2.6 percent, or $1.41 after reaching a session high of $56.10. April heating oil rose 3.2 percent, or 5.1 cents, to settle at an all-time high of $1.6576 a gallon, taking out the previous all-time high of $1.603 set in Oct. 2004. May heating oil -- now the front month contract -- rose 3.3 percent, or 5.19 cents, to close at $1.6161 a gallon. April gasoline rallied 3.7 percent, or 5.88 cents, to close at a record $1.6549 a gallon, taking out the all-time high of $1.608 set a week ago. May gasoline added 2.9 percent, or 4.66 cents, to close at $1.6631 a gallon.

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